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JPMorgan plans trigger return optimization notes tied to S&P MidCap 400
By Susanna Moon
Chicago, Feb. 3 – JPMorgan Chase & Co. plans to price 0% trigger return optimization securities due Feb. 28, 2018 linked to the S&P MidCap 400 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.5 times any index gain, up to a maximum return of 27% to 35%.
If the index falls by up the 80% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the underwriter with UBS Financial Services Inc. as agent.
The notes will price on Feb. 24 and settle on Feb. 27.
The Cusip number is 48127R552.
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